Teamie Raises S$1.5M in Pre-Series-A Funding Led by ACP
First on-demand collaborative learning platform that features social and real-time notifications to heighten learning experience
Singapore, July 26, 2016 – Teamie, the first social mobile learning platform in Asia Pacific, recently secured S$1.5M in its pre-Series-A funding. ACP, together with Spring Seeds Capital, led the pre-Series-A investment round along with investments from Phystech Ventures and an angel investor
Teamie is a social mobile learning platform that creates a collaborative learning community for an institution where learners can share, ask and discuss online with their peers and teachers. Resources can be shared and accessed anytime, anywhere on the Teamie mobile and web apps. Based in Asia Pacific with 30 staff split between Singapore and India, Teamie has a proven track record of good customer feedback and serves a marquee set of customers and projects across eight countries in education institutions and enterprises such as United World College South East Asia (UWCSEA), St. Joseph’s Institution (SJI) International School, International Baccalaureate (IB) and Uniteam Training.
Prior to securing its pre-Series-A funding, Teamie has been ranked by Ovum as a Market Challenger amongst online learning platforms. An Ovum report on Online Learning Platforms states that the Teamie platform is a positive representation of the type of learning environment that students have come to expect, i.e. social and mobile.
Teamie will use the new funds to build on its early successes, grow the team and drive partnerships to offer local delivery and support in both the education and enterprise segments across Asia Pacific. The funds will also be allocated for research and development to build new capabilities and deeper learning analytics to create a personalized learning experience and further improve user-engagement and learning outcomes.
“We believe that we learn better when we learn together. Social platforms have become the de-facto mode of communication, and together with smartphones and cloud computing, they have changed how we live, work, play and learn. Our customers leverage on the Teamie platform to complement and, in some cases, transform their teaching and learning practices to make learning engaging and collaborative with a 21st century learning experience that goes beyond the classroom,” said Shivanu Shukla, Co-Founder and CEO of Teamie.
Teamie aims to consolidate its position as the dominant regional player amongst learning platforms in the next two to three years, disrupting traditional learning platforms with innovative solutions that increase learner and instructor engagement and productivity.
Venture capitalists ACP and Phystech Ventures see Asia Pacific as a high growth market for both education institutions and enterprises, and that Teamie has a competitive advantage that complements the infrastructure.
"Education is going through a paradigm shift in terms of its transition from a unidirectional process to a collaborative experience. Technology and an understanding of the cultural and regulatory environment of the industry are vital to the success of this shift. We, at ACP, believe that Teamie’s platform is well positioned to help educators; regulators and students improve the process and outcomes of education in Asia and beyond. We are proud to partner with Shivanu and Ashwin to help support Teamie as it enters the growth phase of this business,” said Sameer Narula, Managing Director of ACP.
“We believe that local players with a strong team and deep understanding of regional market specifics have a bigger chance to dominate in the region compared to large international companies. Phystech Ventures is excited to help Teamie execute its aggressive business development strategy,” added Olga Maslikhova, Managing Partner of Phystech Ventures.
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